As per the glide path, fiscal deficit should be 6 percent in 2021-22, 5.5 percent in 2022-23, 5 percent in 2023-24, 4.5 percent in 2024-25, and 4 percent in 2025-26
Govt releases Rs 92,077 cr towards devolution of central taxes to states for April, May, says Nirmala Sitharaman
The government on Thursday said it has released Rs 92,077 crore towards the devolution of central taxes to states for April and May
Coronavirus Outbreak: Fifteenth Finance Commission to meet its high level group on health sector on Thursday
The 15th Finance Commission will hold a virtual meeting with its high-level group on the health sector on Thursday to discuss the requirement of increased resources and manpower in the context of COVID-19 pandemic
If the amount is released in the first quarter of the fiscal, it will be helpful for the government to implement piped drinking water project and drainage scheme, Sushil Kumar Modi said
The Finance Ministry on Monday said it has sanctioned Rs 46,038 crore for the devolution of states' share in central taxes and duties for April
The Union Cabinet on Wednesday extended the term of 15th Finance Commission, which is to decide on the division of tax and other resources between the centre and the states, by one year to 30 October, 2020
Govt extends 15th Finance Commission's term by a month till 30 November; broadens ambit of recommendations
The government on Wednesday extended the 15th Finance Commission's term by a month till 30 November, and broadened the ambit of its recommendation to include funds for defence and internal security, an official statement said
Expressing concern over muted private investments, 15th Finance Commission chairman N K Singh on Friday said in order to push economic growth, the new government should take on the challenge of introducing reforms in areas including land and labour
During the meeting with the 15th Finance Commission on Wednesday, 12 economists also made a case for improving the quality of budgeting
The 15th Finance Commission on Wednesday deliberated on the need to set up such panels in states during its meeting with RBI Governor Shaktikanta Das and other senior functionaries of the central bank
Finance Commission members to meet RBI governor Shaktikanta Das, bank officials during Mumbai visit on 8-9 May
The 15th Finance Commission will meet RBI Governor Shaktikanta Das and representatives of banks and financial institutions during its two-day visit to Mumbai beginning 8 May, according to an official statement
Niti Aayog open to have a role in allocating developmental funds to states: Vice chairman Rajiv Kumar
Kumar said Budget 2019 has achieved a very good balance between providing a growth stimulus and maintaining the fiscal discipline
The Punjab government on Wednesday sought a special debt relief package from the 15th Finance Commission to revive the state's fiscal health
Finance secretary Ajay Narayan Jha gets one-month extension; appointed member of 15th Finance Commission
The appointments committee of the Cabinet has approved extension in service of Jha, finance secretary and secretary, department of expenditure, for a period of one month beyond his superannuation
Role of Finance Commission, dispersal of funds to states need a re-look, says Telangana chief minister KCR
Favouring a re-look at the role of the Finance Commission and the way devolution of funds is made to states, Telangana chief minister K Chandrashekar Rao (KCR) said it would be better if the commission becomes a policy formulating body.
Shaktikanta Das, new governor of RBI: Staunch supporter of demonetisation, worked closely with central bank earlier
Shaktikanta Das played a key role in demonetisation, in the demonetisation drive in 2016 and was seen as defending the government, according to media reports
Chandrababu Naidu accuses Centre of creating differences between Andhra Pradesh, Telangana by adopting 'divide and rule policy'
Chandrababu Naidu also said that he joined NDA and supported Prime Minister Narendra Modi for the sake of Andhra Pradesh's development, but to no avail
Finance Commission holds meeting with Maharashtra's leaders; state seeks Rs 50,000 crore for Mumbai's development
The 15th Finance Commission headed by NK Singh is on a three-day visit to the state.
Nitish Kumar asserts Bihar deserves special category status, but says Centre provided 'extra assistance' to state
Nitish Kumar said his government will also plead its case before the 15th Finance Commission when it visits Bihar.
Bihar to ask for more funds from 15th Finance Commission, also wants Centre to bear 'all disaster management expenses'
The Bihar government will urge the 15th Finance Commission to raise the allocation of tax revenue shared by the states on the pattern of the 11th Finance Commission recommendations, Deputy Chief Minister Sushil Kumar Modi said.